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The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far.
In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.
Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral.
The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.
The investment bank cut its price target on the stock to $39 from $55.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The majority of investors did not stand to gain from Pepecoin’s herculean rise, indicating a limited window for potential gains.
Coinbase’s stock (COIN) took a major hit on Tuesday after the company was sued by the U.S. Securities and Exchange Commission (SEC) on allegations of violating federal securities law.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted.